The future of investing is impact investinG
The U.S. Impact Investing Alliance submitted a formal comment letter to the U.S. Securities and Exchange Commission in response to Chairman Paul Atkins’ January 13, 2026 statement inviting public input on a comprehensive review of Regulation S-K, the SEC’s non-financial disclosure framework.
Fifty years ago, the vast majority of a company’s market capitalization was driven by its tangible, physical assets. Today, that reality has flipped, and nearly 90% of the S&P 500’s market value comes from non-tangible sources. These include intellectual property and brand equity, which are largely driven by a company’s workforce. Yet, while the engine of our economy has changed, the disclosures we use to assess corporate value are stuck in the past.
The U.S. Impact Investing Alliance applauds the introduction of the Workforce Investment and Sustainable Employment Reporting (WISER) Act (HB 5147 and SB 3975) by State Representative Mary Beth Canty and State Senator Omar Aquino of Illinois, which would require large companies to disclose key workforce data.
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